Question : How did the rise of new economic interests during the era of planned development impact India's fiscal policy?

Option 1: It led to a reduction in government spending.
Option 2: It prompted a shift towards indirect taxation.
Option 3: It resulted in increased borrowing from international institutions.
Option 4: It encouraged the implementation of progressive taxation.

Question

Question : How did the rise of new economic interests during the era of planned development impact India's fiscal policy?

Option 1: It led to a reduction in government spending.

Option 2: It prompted a shift towards indirect taxation.

Option 3: It resulted in increased borrowing from international institutions.

Option 4: It encouraged the implementation of progressive taxation.

Team Careers360 · Accepted Answer

Correct Answer: It prompted a shift towards indirect taxation.

Solution : The rise of new economic interests during the era of planned development prompted a shift towards indirect taxation, as the government sought to diversify its revenue sources and reduce reliance on direct taxes.

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